| |
New York
Construction Loans
New York
Construction Loans typically require "out of
the box thinking," and Blackstone is fully
capable of explaining the current landscape
for these mortgages. There are many
challenges that a borrower could face during
construction or within the
construction-to-permanent time frame. Our
experience and database of lenders will
prove to be your greatest assets for all
phases of your project. Below is a sampling
of guidelines:
|
|
|
New York
Commercial Real Estate Construction:
|
|
 |
Maximum loan-to-value of 75%-80% of
total project cost.
Terms may become
more favorable if the land has already
been acquired and if free of debt |
|
|
While exceptions are possible,
generally from one-to-three years |
|
|
Rates are floating, generally a margin
over prime or LIBOR |
|
|
Amortization is interest-only, pending
property stabilization |
|
More
information about our New York Commercial
Loans |
|
